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• San Gabriel Valley Industrial Sales Comp Comes in at $103/sf
4/05/13
In a recent San Gabriel Valley industrial sales comp, a 41k sf industrial building traded hands for $4.23 mil ($103/sf). The property is located at 1332 S. Lone Hill Ave, west of the 57 Fwy and south of the 210 Fwy.
...
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• Berkeley Point Capital Arranges $33 Mil Refi on Redlands Multifamily Property
4/04/13
Rob Cantizano of Berkeley Point Capital LLC recently closed a $32.7 mil refi loan for Barton Vineyard Apartments, a 296-unit, garden-style, Class A apartment community located in Redlands. The financing was arranged under Fan...
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• San Diego-Area Office Campus Sells for $22.5 Mil in Off-Market Deal
4/04/13
In a San Diego-area office buy, Highbrook Investment Management LP has purchased Copley Business Center, a 102k sf office campus. HighBrook purchased the property in an off-market transaction for $22.5 mil ($221/sf), which in...
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• $29 Mil Gets 60-Unit La Jolla Apartment Property
4/04/13
Neil, Comer and Matricardi of CBRE San Diego represented the seller, The Carolyn M. Holmer Irrevocable Trust. The buyers represented themselves.
“The sale of Prospect 400 was a once-in-a-generation transaction,” said Neil. ...
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• Jamestown Acquires San Luis Obispo Office/Retail Portfolio
4/04/13
Jamestown has purchased a 10-property office and retail portfolio located in downtown San Luis Obispo, along California’s central coast. The acquisition is comprised of approximately 86 percent retail and 14 percent office sp...
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• Bixby Land and Cornerstone Real Estate Advisors to Undertake Creative Renovation of El Segundo Office Property
4/02/13
A five-story, 112.7k sf office building in El Segundo was purchased by a venture of Bixby Land Company and Cornerstone Real Estate Advisors LLC on behalf of an institutional investor. The building, located at 2101 El Segundo ...
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• Culver City Industrial Building to Be Converted into Creative Office Space
4/02/13
A joint venture of Los Angeles-based real estate commercial real estate firms Industry LTD and Saber Realty Advisors has acquired a 30k sf industrial building in Culver City for $8 mil ($267/sf). The building, located at 5900...
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• Newmark Grubb Knight Frank Growing Its SoCal Presence
4/02/13
Commercial real estate services firm Newmark Grubb Knight Frank (NGKF) is rapidly making significant inroads in Southern California with the recent hiring of some of the region’s top producers. This includes the hiring of Mic...
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• Bridgeport Investments Secures $45 Mil in Equity Financing Commitments
4/01/13
OC-based Bridgeport Investments recently secured two equity financing commitments totaling $45 mil.
In the larger transaction, Bridgeport secured $35 mil in equity financing on behalf of CapRock Partners, a private investme...
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• Two Companies Sign Leases Totaling 130k sf at San Fernando Valley Biz Campus
4/01/13
Regal Medical Group and Child and Family Guidance Clinic (CFCG) recently inked leases totaling more than 130k sf at the campus of Northridge Business Center in Northridge.
In the larger deal, Regal Medical Group Inc signed a...
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• Meta Housing Corporation Completes Transformation of Vacant LA Building into Affordable Senior Housing
4/01/13
Meta Housing Corporation has completed the redevelopment of a blighted, vacant Los Angeles building, transforming it into a transit-oriented, 123-unit affordable senior housing property in Los Angeles’ Chinatown. The communi...
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• Draftsmen & Craftsmen
4/01/13
California State University Northridge (CSUN) has selected the design-build team of general contractor C.W. Driver and architectural firm AC Martin Partners for a $26 mil student housing complex on the campus. The 100k sf des...
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• Investors Spend $11 Mil on Two Rite Aid-Occupied Properties in the Inland Empire
3/29/13
Two free-standing, NNN-leased properties occupied by Rite Aid in the Inland Empire traded hands in separate transactions totaling just over $10.8 mil. The properties are located in Hemet and San Jacinto.
In the larger deal, ...
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• Lincoln Property to Transform Former Willys-Overland Dealership Property in Downtown LA to Creative Office Space
3/29/13
“The Desmond is one of the best-located vacant buildings in the area, and we see it as a perfect opportunity to help fill the shortage of creative office space downtown,” said David Binswanger, Executive Vice President at Lin...
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• Jackson Pendo Development Picks Up 1.56-Acre Res Subdivision in San Diego’s Carmel Valley
3/29/13
A 1.56-acre residential subdivision property in the Carmel Ranch area of San Diego sold for $3.3 mil. The property is located at 4140 Worsch Way, north of Ted Williams Pkwy between Carmel Creek Rd and Carmel Country Rd.
The ...
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• Calabasas Retail Center Fetches $50 Mil
3/29/13
The Courtyard at the Commons, an 87k sf retail center in Calabasas, was purchased by a global asset management firm in an all-cash deal valued at $50 mil ($575/sf). Located at 23631 Calabasas Rd, on the south side of the 101...
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• 10k sf Irvine Spectrum Office Property Sells
3/28/13
A 9.9k sf office building sale in the Irvine Spectrum was acquired by an investment firm. Located at 8955 Research Dr, just southwest of the confluence of the 405 and 5 freeways, the property was sold by 4 Alarm LLC. The pric...
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• Quantum Capital Partners Arranges $6 Mil Refi on West Hollywood Office Building
3/28/13
Quantum Capital Partners has arranged permanent financing of $5.9 mil on behalf of a private owner to refinance a West Hollywood office building. The new five-year, fixed loan has an attractive interest rate of just under fo...
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• Investor Spends $365/sf on Pico Rivera Retail Asset
3/28/13
In an interesting retail comp from LA’s Mid-Cities region, an 11.7k sf portion of Pico Crossings traded for $4.27 mil ($365/sf). Built in 2008, the center is situated on 1.29 acres at 9311-9333 Whittier Blvd, at the intersect...
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• M West Holdings Adds Hollywood and Los Feliz Properties to Its Holdings
3/27/13
A two-building, mixed-use portfolio in Hollywood and Los Feliz was purchased by M West Holdings LLC, a vertically integrated private real estate investment company. The price was not disclosed.
The two buildings are the Guar...
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